Actuarial Science University of Nairobi

Overview

Actuarial Science is the profession concerned with the application of mathematical, statistical, probabilistic, and financial theories to solve real business problems. These problems involve analyzing future financial events, especially where future payments involved have certain or uncertain timing. 

The traditional areas in which actuaries operate are life and general insurance, pensions, and investment. Actuaries are also increasingly moving into other fields like health insurance, solvency measurements and asset-liability management, financial risk management, mortality and morbidity investigation and so on, where their analytical skills can be employed. 

Currently, there is high demand for Actuarial Science expertise locally, regionally and internationally.

The philosophy of the Actuarial Science programme offered by the University of Nairobi is designed to equip the students with training in theoretical and practical aspects of Actuarial Science in order for them to work in life and non-life insurance companies (designing insurance products and valuing financial contracts and investing funds); consultancy (offering advice to occupational pension funds and employee benefit plans); government service (supervising insurance companies and advising on the national insurance); and also in the stock exchange , industry, commerce and academia.

Career Prospects

• Finance and investment

• Insurance (Life and non-life)

• Pensions

• Government Service

• Consultancy

• Business intelligence and analysis

• Quantitative analyst